Could this hedge-fund operator rescue McDonald’s stock?

Crain’s – Larry Robbins isn’t the first hedge-fund operator to see gold in McDonald’s real estate, but his timing is better.

When William Ackman went public a decade ago with a restructuring proposal that would have leveraged the burger chain’s restaurants to the tune of $15 billion, McDonald’s sales and share price were rising. Few objected when management swatted down the idea.